YasmeenW_
Short

USDJPY Bearish Now Bullish Later

FX:USDJPY   U.S. Dollar / Japanese Yen
Hello everyone,

Technical analysis from daily chart : Price is overall in a uptrend after breaking out of the bears trendline back in September. It is now headed down to retrace off fib level 38.2. That fib level is also right near the support zone . So I'm looking for price to bounce off 38.2 and the support zone which will be at 107. Once price hits 107 that will be a perfect opportunity to get in on a longterm BUY.

First TP 109
Second TP 110
Last TP 112


This is my own analysis so if you agree please support and like.
wishing everyone good luck trading and don't ever give up!!

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